Love is apparently in the air in New York City. At least for 25 percent… or less. Last Friday, the supreme leader of New York State, Governor Andrew Cuomo, declared that restaurants in the Big Apple could resume indoor dining at 25 percent capacity beginning Valentine’s Day as long as the city’s COVID-positivity rate remains...
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GAME ON! YOUNG TRADERS RATTLE FINANCIAL STATUS-QUO WITH GAMESTOP
By Joe Doran Game on! Young traders rattle the financial status quo with GameStop. This past week witnessed an earthquake on Wall Street and in markets around the world that few saw coming. The “Youth Revolution,” forecast by Gerald Celente, happened on a front few expected: not via riots in the streets but with a risky, collective...
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BROKERAGES, MARKETS, GOVERNMENT: A RIGGED GAME OF DECEPTION
by Gregory Mannarino, TradersChoice.net In America, it used to be that if you made a good investment, you would profit from it. Well, today, in the “New America,” that has changed. This past week, with multiple brokerages restricting trades for retail investors, if you ever needed more proof that the market is a rigged game,...
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U.S. MARKETS OVERVIEW
Last week was the worst week for U.S. equity markets since October as investors grew skittish about the economy’s future, especially after Fed chair Jerome Powell issued a grim near-term outlook on 27 January. Additionally, the GameStop stock scam suckered hedge funds and other investors into losing billions. Markets saw sharp drops last Wednesday, when...
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TOP TRENDS 2021: THE RISE OF CHINA
As we have forecast, the 20th century was the American century – the 21st century will be the Chinese century. The business of China is business; the business of America is war. While America spent countless trillions waging and losing endless wars and enriching its military-industrial complex, China has spent its trillions advancing the nation’s...
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GOING DOWN, GOING BUST, GOING OUT
CARNIVAL STOCK PRICE DOWN 60 PERCENT. Share prices of the world’s largest cruise line fell 2.5 percent last week after the company announced it would suspend all U.S. cruises through April and Australian departures until at least mid-May. Carnival also canceled planned outings in Europe for its Carnival Legend ship, which were scheduled from May...
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COBALT PRICE JUMPS AS SUPPLIES TIGHTEN
Supplies of cobalt, a key element of the positive terminals in lithium batteries as well as other electronic components, have tightened in recent months due to logistical disruptions in South Africa, where an economic shutdown froze economic activity earlier in 2020. At the same time, demand for the blue metal is rising as the world...
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PRICE OF NICKEL SOARS ON EV HYPE
The price of nickel reached $18,410 a ton last week on the London Metal Exchange, a 70-percent climb since March. The rise has been driven by forecasts of dramatic growth in electric vehicle sales to be fostered by public and policymakers’ interest in zero-emissions technologies, analysts say. EV batteries increasingly are using larger proportions of...